The flame of capitalism will be extinguished by sustained deflation.
harry
On Wed, Jul 18, 2012 at 12:56 PM, Harry Veeder <hveeder...@gmail.com> wrote:
> Long term deflation?
>
> Harry
>
> On Wed, Jul 18, 2012 at 12:23 PM, MarkI-ZeroPoint <zeropo...@charter.net>
> wrote:
>> Alain wrote:
>>
>> “since energy is $5-7Tn and GDP is $70Tn, the potential saving on energy is
>> around 10%”
>>
>> “maybe I miss the point?”
>>
>> Did you consider the following???
>>
>>
>>
>> Energy is to economies as physics is to science… it is FUNDAMENTAL, and
>> everything is built on top of it. A significant change to a fundamental
>> will propagate to anything built using that fundamental.
>>
>>
>>
>> *If* LENR is able to deliver very cheap energy, then the cost of ALL
>> PRODUCTS AND SERVICES will also go down… manufacturing requires ENERGY,
>> moving those manufactured products to the end consumer (i.e.,
>> transportation) requires ENERGY (gas/diesel). If competition is allowed to
>> take its course, the cost of nearly everything will come down. But the
>> ramifications of this are much more complex, and the reality of how this
>> would affect different aspects of life are hard to predict… my attitude at
>> this point is that much disruption will happen in the short term, but long
>> term the average person will be much better off… we are the most adaptable
>> species on the planet, and we will adapt; economies will adapt; financial
>> markets will adapt…
>>
>> -Mark
>>
>>
>>
>> From: alain.coetm...@gmail.com [mailto:alain.coetm...@gmail.com] On Behalf
>> Of Alain Sepeda
>> Sent: Wednesday, July 18, 2012 8:02 AM
>> To: vortex-l@eskimo.com
>> Subject: Re: [Vo]:Migrant Workers in China Face Competition from Robots
>>
>>
>>
>> just to guive data
>> I've made some quick computation
>> http://www.lenrforum.eu/viewtopic.php?f=3&t=27&p=1139#p1139
>>
>> since energy is $5-7Tn and GDP is $70Tn, the potential saving on energy is
>> around 10%,
>> that you can interpret as productivity increase.
>> The replacement of world energy source is estimated around 15% of GDP, that
>> can easily be self-financed by the saving.
>> Energy is not free, but few maintenance, ridiculous matter, and some
>> investment.
>>
>> It will be important shock, but not so huge. at most 10%
>>
>> of course you can expect that the technology will become even cheaper, but
>> even if LENR get to zero, the turbines, cooling and alike will stay as
>> expensive (and I have under estimated their cost).
>> Some gain might came from the side-effect of LENR, like fewer pollution,
>> longer autonomy, sociological consequence of easier access to food, water,
>> health, heat... maybe is it there the biggest potential of productivity
>> gain.
>>
>> Now I'm less enthusiast, yet it will very good, energy does not seems to be
>> so important... 10% only.
>>
>> maybe I miss the point?
